Ideal Capital Bhd (XKLS:9687) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:9687 Ideal Capital Bhd XKLS:9687
84 GF Score
Price RM1.14
GF Value RM1.77
Valuation Possible Value Trap
! 1 Warning Sign
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What is Ideal Capital Bhd Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ideal Capital Bhd  (XKLS:9687) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ideal Capital Bhd Cyclically Adjusted PB Ratio Related Terms


Ideal Capital Bhd Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ideal Capital Bhd's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ideal Capital Bhd Cyclically Adjusted PB Ratio Chart

Ideal Capital Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 1.31 2.08 2.53 2.02

Ideal Capital Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.10 2.10 2.08 2.01 2.07

Ideal Capital Bhd Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Ideal Capital Bhd's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ideal Capital Bhd Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ideal Capital Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ideal Capital Bhd's Cyclically Adjusted PB Ratio falls into.


XKLS:9687
84GF Score
Ideal Capital Bhd XKLS:9687
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ideal Capital Bhd Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ideal Capital Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ideal Capital Bhd's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.686/333.9520*333.9520
=0.686

Current CPI (Jun. 2026) = 333.9520.

Ideal Capital Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.233 241.428 0.322
201612 0.262 241.432 0.362
201703 0.278 243.801 0.381
201706 0.298 244.955 0.406
201709 0.323 246.819 0.437
201712 0.368 246.524 0.499
201803 0.656 249.554 0.878
201806 0.734 251.989 0.973
201809 0.816 252.439 1.079
201812 0.901 251.233 1.198
201903 0.976 254.202 1.282
201906 0.511 256.143 0.666
201909 0.509 256.759 0.662
201912 0.514 256.974 0.668
202003 0.494 258.115 0.639
202006 0.468 257.797 0.606
202009 0.450 260.280 0.577
202012 0.392 260.474 0.503
202103 0.399 264.877 0.503
202106 0.401 271.696 0.493
202109 0.414 274.310 0.504
202112 0.413 278.802 0.495
202203 0.417 287.504 0.484
202206 0.423 296.311 0.477
202209 0.427 296.808 0.480
202212 0.435 296.797 0.489
202303 0.432 301.836 0.478
202306 0.438 305.109 0.479
202309 0.447 307.789 0.485
202312 0.468 306.746 0.510
202403 0.479 312.332 0.512
202406 0.494 314.175 0.525
202409 0.516 315.301 0.547
202412 0.528 315.605 0.559
202503 0.541 319.799 0.565
202506 0.555 322.561 0.575
202509 0.596 324.800 0.613
202512 0.655 324.054 0.675
202603 0.665 330.213 0.673
202606 0.686 333.952 0.686

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Ideal Capital Bhd (XKLS:9687) Overvalued in 2026?

Based on GuruFocus' analysis, Ideal Capital Bhd stock appears to be undervalued. The current stock price of RM1.14 is trading 35.6% below its estimated GF Value™ of RM1.77. GuruFocus considers Ideal Capital Bhd to be Possible Value Trap.

Key valuation signals for XKLS:9687:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: RM1.77 vs. price of RM1.14 (35.6% below fair value)
  • GF Score™: 84/100 with 1 warning sign

No single metric tells the full story. See the XKLS:9687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ideal Capital Bhd Business Description

Address Jalan Mahsuri, No. 71-5, Ideal @ The One, Bayan Lepas, PNG, MYS, 11950
Ideal Capital Bhd is a Malaysia-based investment holding company engaged in the trading of heavy machinery and spare parts, and property development activities. The group has three reportable segments namely, the Trading segment which includes trading of heavy machinery and spare parts, the Property development segment which relates to property development activities, and Project investment and project management engaged in rental income and property management services. The company operates in Malaysia and generates the majority of its revenue from the Property development segment.
84GF Score

Get the complete analysis for XKLS:9687

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM1.14
Price
RM1.77
GF Value